Naked Capitalism Link of the Day

Today's link: Mysterious fund allows Congress to spend freely, despite earmark ban, at CNN:

Roughly $1 billion was quietly transferred from projects listed in the president's defense budget and placed into the "transfer fund." This fund, which wasn't in previous year's defense budgets (when earmarks were permitted), served as a piggy bank from which committee members were able to take money to cover the cost of programs introduced by their amendments.
And take they did.
More than $600 million went to a wide number of projects, many of which appear to directly benefit some congressional districts over others.

Well, that is quite the surprise.  Next, we'll find out that college football players receive money and perks from boosters.